On March 1, the value of the main cryptocurrency of the Telegram bot Unibot (UNIBOT) fell sharply by 45%, due to the severance of partnerships with the development team responsible for integrating the application into the Solana blockchain.
In an official message to the community dated March 11, 2024, the Unibot team announced the termination of cooperation with the group that helped launch Unibot on the Solana platform.
"After careful discussion and taking into account the opinions of our partners, we have come to the conclusion that it is necessary to terminate cooperation..." reads a tweet from the Unibot team.
The team clarified that the reason for the gap was security issues that forced them to switch to self-development and management of Unibot on Solana using a secure server infrastructure.
Representatives of Unibot accused the Solana development group of "abuse of trust", pointing to the launch of a bot named "evm_unibot" without prior approval and the refusal of some team members to undergo KYC verification for further cooperation.
Unibot also announced the imminent appearance of its trading bot on the Telegram and Unisol-X platforms associated with the Solana ecosystem.
Data from the 15-minute UNIBOT/USDT chart of the MEXC and CoinGecko exchanges show that within four hours after the announcement, the price of UNIBOT fell from $76 to $40, and the market capitalization decreased from $76 million to $39 million with a daily trading volume of $36 million.
It is noted that in October 2023, the Unibot trading bot became the victim of a hacker attack, as a result of which about $650,000 was stolen, including 305 ETH and 39,000 USDC.
